Tarku issues an update on its exploration activities in Abitibi, Quebec

 MONTREAL, November 29, 2018. Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") is pleased to provide an update on the progress made in exploration on its 100% owned Admiral project in the Matagami area, Eeyou Istchee James Bay, Quebec. New drilling targets have been identified on the project and Tarku management is evaluating the possibility of completing a drilling campaign in the first quarter of 2019.

The gold potential of the Matagami sector

Since the first mineral discoveries made in 1957, the Matagami mining camp is  recognized worldwide for its zinc-rich volcanogenic massif sulphide (VMS) deposits. The development and construction of the region's mining infrastructure has been primarily used to produce zinc concentrate.

Tarku owns 3 projects (including the Admiral project) totaling 223 mining titles centered on regional faults including ductile shear of the Waswanipi River (RWSZ), a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions. Tarku interprets this geological context as being similar to the Sunday Lake regional fault, host of the Detour Lake Mine or the Kirkland Lake Mining Camp. Tarku’s management believes strongly that the gold potential of the Matagami sector has been undervalued and uses today modern geological models and exploration techniques to aid in the discovery of gold mineralization.

New Gold Targets on the Admiral project

The Admiral project, 100% owned by Tarku, is located west of Lake Olga (see www.tarkuresources.com). It consists of 29 claims (1,612 ha) overlying the convergence of the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones, which contains the Lac Olga Ouest gold showing (5.9 g/t Au, grab sample, GM 49140) and Goldcorp’s high-grade deposit Indice Principal zone Olga (14.75 g/t Au, 1.14% Cu and 10.3 g/t Ag over 1.50 m, GM 50632).

In May 2018, Tarku completed a 294 line-km high-resolution helicopter-borne magnetic survey over the entire Admiral Project. Flight lines were surveyed at a 100-metre spacing and was conducted by Prospectair (Gatineau, Quebec) and Dynamic Discovery Geoscience (Ottawa, Ontario) to improve current interpretations of the mineralized systems and identify new gold targets.

The survey demonstrated a previously unrecognised structural complexity and revealed the presence of numerous secondary structures and major folds in a 1 to 1.5 km wide corridor bordered to the north and south by the two major shears RWSZ and LOSZ (see FIGURE 1). The interpreted data identifies 6 priority drilling targets defined by the intersection of structures, the axial planes of folds, historical electromagnetic Input anomalies and by a non-magnetic signal or low magnetic features which may represent silica-tourmaline alteration zones as observed at the Indice Principal zone Olga deposit.

Tarku is now evaluating the possibility of completing a drilling campaign during winter 2019 to test these new gold targets.

The Guercheville project

Tarku also wishes to announce that, following careful analysis of results of the 11 drill-hole program completed on the Guercheville project (see news release June 14, 2018),  it will not pursue the option to acquire a 50% interest in the project, located 50 kilometers southwest of Chapais in the territory of Eeyou Istchee James Bay. The drill program was designed to test the depth extensions of several gold and polymetallic surface showings and to investigate geophysical anomalies identified by SOQUEM over the past few years,

Tarku has withdrawn from any future obligations related to this agreement, including those already secured by SOQUEM during the 2018 winter drilling campaign.

About Tarku Resources Ltd. (TSX-V: TKU)

Tarku is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the preparation of the technical information in this news release.

For more information, please visit the Company’s web site or contact:

Julien Davy
President & CEO
+1 (514) 618-7287

www.tarkuresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku closes its Non-Brokered Private Placement

MONTREAL, November 23rd, 2018. Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku”) is pleased to announce that it has closed the non-brokered private placement (the “Private Placement”) previously announced on November 1st, 2018 for gross proceeds of $283,550.

The private placement consisted of 7,250,000 non-flow through units of the Company at a price of $0.02 per unit ($145,000) and 4,618,331 Flow-Through Shares of the Company at a price of $0.03 per share ($138,550). Each non-flow through unit (a “Unit”) consists of one common share in the capital of the Company and one-half of one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one common share at a price of $0.05 per common share for a period of eighteen (18) months ending May 23, 2021. Insiders of the Company subscribed for 1,675,000 non-flow through units and 266,666 Flow-Through Shares. The securities issued under this Private Placement are subject to a statutory four (4) month hold period ending March 23rd, 2019.

The net proceeds of the Private Placement will be used for purposes of working capital and to maintain and preserve its existing operations, activities and assets and for exploration expenditures on its current properties. The Private Placement has been conditionally accepted by the TSX Venture Exchange. No finder’s fee has been paid for this Private Placement.

About Tarku Resources Ltd. (TSX-V: TKU)

Tarku is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers.

For more information, please visit the Company’s web site or contact:

Julien Davy
President & CEO
+1 (514) 618-7287

www.tarkuresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku Announces Non-Brokered Private Placements for a Maximum of $300,000

MONTREAL, Nov. 01, 2018 - Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") announces that it is undertaking non-brokered private placements of units and flow-through shares (collectively the "Offering"), which have been conditionally approved by the TSX-V, for a maximum of $300,000.

Pursuant to the placement of units, Tarku is offering a maximum of 7,500,000 units at a price of $0.02 per unit, for a maximum of $150,000. Each unit consists of one common share and one-half common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one common share at a price of $0.05 per common share for a period of 18 months after the closing. The Warrants will contain an acceleration clause providing that if at any time after 4 months and 1 day following the closing, the trading price of the common shares on the TSXV is equal to or exceeds $0.07 for 20 consecutive trading days, Tarku shall be entitled to notify the holders of its intention to force the exercise of the Warrants.

Pursuant to the placement of flow-through shares, Tarku is offering a maximum of 5,000,000 flow-through shares at a price of $0.03 per share.

The Offering is open to all existing shareholders of Tarku in accordance with “Regulation 45-513 Respecting Prospectus Exemption for Distribution to Existing Security Holders” and other various corresponding blanket orders and rules of other Canadian jurisdictions that have adopted a similar exemption (collectively the " Holders’ Exemption"), and also to accredited investors and family, friends and business associates.

Existing shareholders of Tarku interested in participating in the Offering will receive preference over new subscribers. They should contact Tarku using the contact information set out below as soon as possible as the Offering shall be allocated on a "first come, first served" basis until the Offering is fully subscribed. The Offering is not subject to any minimum subscription. The Company may close the Offering in several tranches, the first of which it intends to close around November 15, 2018.

The Company will use the proceeds of the Offering for purposes of working capital and to maintain and preserve its existing operations, activities and assets and for exploration expenditures on its current properties.

The Shares and Warrants issued under the Offering will be subject to a hold period of 4 months and 1 day following the closing.

The Company has set October 31st, 2018 as the record date (the "Record Date") for the purpose of determining existing shareholders of Tarku entitled to participate in the Offering pursuant to the Holders’ Exemption. Any shareholder purchasing under the Holders’ Exemption will have to represent in writing that he held common shares of the Company as of the Record Date and continues to hold them. Also, the aggregate acquisition cost to a subscriber under the Holders’ Exemption cannot exceed $15,000, unless that subscriber has obtained advice regarding the suitability of the Offering and, if the subscriber is resident in a jurisdiction of Canada, such advice is obtained from a person that is registered as an investment dealer in the subscriber's jurisdiction.

About Tarku Resources Ltd. (TSX-V: TKU)
Tarku is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers.

For more information, please visit the Company’s web site: www.tarkuresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO
+1 (514) 618-7287

www.tarkuresources.com

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku and SOQUEM intersect 16.7 g/t Au over 1 m in a new horizon on the Guercheville Project

SASKATOON, June 14, 2018. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce the results of a 2,469-metre drilling program on the Guercheville Project in Québec that confirmed the potential of the Fenton Lake West surface showing. The polymetallic project is situated 50 kilometres southwest of Chapais in the Eeyou Istchee–James Bay Territory.

Julien Davy, President and CEO of Tarku, commented: “In addition to the known surface showings, the strong potential of the Guercheville Project has been demonstrated once again by the discovery of new mineralized intersections, such as 16.7 g/t Au over 1 metre, in a previously unknown horizon.” He added, “This horizon is roughly 60 metres north of the Fenton Lake West showing where 19.2 g/t Au was obtained, suggesting several mineralized horizons or structures may be present in this area, now drilled for the first time.”

The aim of the 11-hole program is to test the depth extensions of several gold and polymetallic surface showings and to investigate some of the geophysical anomalies identified by SOQUEM over the past few years (FIGURE 1). All targets were explained by the presence of sulphides as disseminations or stringers or by sulphide-bearing quartz veins and veinlets, almost all hosted in schistose and carbonatized basalts. These occurrences are similar to the mineralization observed in the adjacent Fenton deposit of SOQUEM and Cartier Resources where an intersection of 29.6 g/t Au over 2 m at a depth of 550 metres below the surface was recently announced, thereby doubling the known extension of their deposit (see news release of June 5, 2018; www.ressourcescartier.com) (Tarku cautions that the mineralization of the Fenton deposit may not be indicative of the mineralization that may be identified on the Guercheville Project).   

Some slightly anomalous Au and Cu zones were also encountered in quartz diorite and anorthosite of the Rivière Opawica Complex in the same area as the Fenton Lake West showing (drill holes 1391-18-30 and 1391-18-31). The most significant results from the drilling program are presented in the table below:

Drill holeFrom (m)To (m)Interval* (m)Au (g/t)Cu (%)Host rock
1391-18-305.06.01.016.70.14Basalt
1391-18-30103.7104.50.80.30.13Quartz diorite
1391-18-30143.0144.01.00.10.20Anorthosite
1391-18-3149.050.01.0n/s0.14Basalt

* Intervals are expressed as downhole core lengths. True widths could not be determined using the information available. n/s: not significant.

The analytical results of the 9 other holes (1391-18-22 to 1391-18-29 and 1391-18-32) did not yield values indicative of significant mineralization.

Drilling program and QA/QC

Drilling was carried out by Forages Hébert, based in Amos (Québec), from January 29 to March 12, 2018. Eleven holes were drilled with azimuths ranging from N210 to N230 and dips from -45º to -55º. Hole depths ranged from 150 to 375 metres. A total of 1,012 samples were collected for 1,375 metres of sampled core, representing 56% of all drill core. The analyzed samples were sawed half-core samples of NQ diameter, with the other half saved for future reference. A total of 88 control samples consisting of standards and blanks were inserted in the sampling sequence, representing 9% of all samples analyzed. The core samples were sent to the laboratories of ALS Minerals in Val-d’Or (Québec) and Vancouver (British Columbia) for gold analysis by fire assay with atomic absorption finish (ALS code: Au-AA23). All samples were also analyzed for a suite of metals and trace elements by the four-acid digestion ICP-AES method (33 elements, ALS code: ME-ICP61). Twenty (20) samples were sent for complete analysis (code ALS: CCP-PKG01) by combining the ICP-AES and ICP-MS methods for major and trace elements (codes ALS: ME-ICP06 and ME-MS81).

Guercheville Project

The Guercheville Project comprises 80 claims (4,385.64 ha) held 100% by SOQUEM and is located approximately 50 kilometres southwest of the town of Chapais, accessible year-round by forestry roads. As announced in the press release release of January 18, 2018, Tarku has the option to acquire, under certain conditions, a 50% interest in the property. According to the terms of the agreement, SOQUEM will be the operator of the work program in the first year and Tarku will have the opportunity to become the operator starting the second year.

The project has the potential to contain gold and base metal (Cu-Zn) mineralization similar to the adjacent Fenton deposit held 50% by SOQUEM and 50% by Cartier Resources. Gold concentrations in the Fenton deposit have been correlated with the presence of sulphide minerals, silica, sericite, chlorite and carbonate alteration, and areas of chargeability anomalies and magnetic highs within sheared pillow basalts, all of which have been observed on the Guercheville Project.

About SOQUEM

SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mineral resources in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and many other minerals.

About Tarku Resources Ltd. (TSX.V: TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for prospective partners or buyers. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the preparation of the technical information in this news release.

For more information, please visit the Company’s web site or contact:

Julien Davy, P.Geo. & MBA, President and CEO
+1 (514) 618-7287

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku announces Board and Management Changes

SASKATOON, June 5, 2018. Tarku Resources Ltd (TSX.V: TKU) (the "Company" or "Tarku") is pleased to announce the appointment of Mr. Bernard Lapointe to the Board of directors and as Chairman of the Company. Mr. Lapointe fills the vacant position following the resignation of Mr. Sylvain Laberge, Chief Executive Officer and Director of the Company. Mr. Lapointe will act as the independent director of the Company. In addition, Tarku announces the appointment of Mr. Julien Davy, current President of the Company, as President and Chief Executive Officer of the Company following the resignation of Mr. Laberge. These changes are effective June 1, 2018.

“On behalf of the Board, we all recognize the immense contribution Sylvain has made to Tarku and we wish to extend our genuine appreciation for his dedicated services” commented Julien Davy. “Sylvain has greatly contributed to the development of Tarku thanks, among other things, to the various agreements concluded including the acquisition exploration projects in the Matagami and Chibougamau regions. We wish him all the best as he refocuses his attention on his copper projects”.

Sylvain Laberge said, "I want to thank all shareholders for their trust and support. Having made the transition following the acquisition of Eureka Exploration, I am confident that the Company is now in good hands and wish Julien a bright future. The arrival of Mr. Lapointe brings a lot of depth to Tarku and I welcomes him ".

Mr. Lapointe has extensive business experience, having spent more than 35 years in the resource sector in exploration and project development. He founded Arianne Resources in 1997 and headed the company until 2013 that became Arianne Phosphate. Mr. Lapointe contributed to the discovery and development of the Lac à Paul project located in Quebec, one of the largest phosphate projects in the world. Mr. Lapointe is now a semi-retired geologist, consultant and private investor. He sits on several technical and strategic committees of public and private exploration companies and is a lecturer of exploration funding at the Université du Québec à Chicoutimi. He holds a B.A. in Geology (Montreal) from a Master's degree in Structural Geology(Chicoutimi) and a Ph.D. in mineral resources of the Université du Québec (Chicoutimi).

"Mr. Lapointe's experience in developing exploration companies is unmatched and Tarku is very fortunate to have access to his knowledge," commented Julien Davy. "His past successes will bring more credibility to Tarku as well as an unique vision in the company's strategy".

Tarku also announces that it is proposing to extend the expiry date of 11,104,000 outstanding common share purchase warrants (the “Warrants”).  The Warrants were issued in June and July 2016 pursuant to a private placement of Units (as for 10,204,000 Warrants) and in June 2017 pursuant to the acquisition of Eureka Exploration Inc. (as for 900,000 Warrants).  No Warrants have been exercised to date.

Each Warrant entitles its holder to purchase one common share (a “Share”) at a price of $0.10 per Share until June 24, 2018 (for 7,104,000 Warrants), June 29, 2018 (for 900,000 Warrants) and July 21, 2018 (for 3,100,000 Warrants).  Subject to TSX Venture Exchange approval, the expiry date of the Warrants will be extended to January 21, 2020.  All other terms of the Warrants shall remain unchanged and in full force and effect.

About Tarku Resources Ltd. (TSX.V: TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO
+1 (514) 618-7287

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku identifies new Gold Targets on the Apollo and Atlas Projects

SASKATOON, February 28, 2018. Tarku Resources Ltd (TSX.V: TKU) (the "Company" or "Tarku") is pleased to announce it has identified new gold-in-till zones using the preliminary results of exploration work on the Apollo and Atlas projects in the Matagami area of Québec. These results highlight a main area where samples with more than 15 gold grains are concentrated, in addition to three up-ice gold targets that may be the source of the gold grains. The three targets, Apollo XI, Apollo XII and Apollo XV, are considered priorities for the upcoming work phases. They correspond to magnetic highs associated with carbonate-hematite-magnetite alteration along or near the regional gold-bearing Rivière Waswanipi Shear Zone. Julien Davy, president of Tarku, commented “We are very encouraged by these results. They support our interpretation that the gold context of these projects is similar to those of the regional Sunday Lake Deformation Zone, host of the Detour Lake mine and Midland Exploration’s new discovery, the Vortex Zone”.

To validate historical gold results and to locate the source of gold mineralization, Tarku carried out a till, humus and rock sampling survey in autumn 2017. The gold grain counts for samples collected on both projects ranged from 1 to 47, with 18 samples containing more than 15 gold grains, which is above the regional background level.

gold targets

The results also reveal strong zoning and the presence of two areas with elevated gold grain counts (>15), with one particularly significant area in the south-central part of the Atlas Project. “From this area, it is possible to target the magnetic highs and alteration zones of Apollo XI, Apollo XII and Apollo XV which are located up ice of the last documented movement oriented N210º,” explained Tarku’s exploration manager, Benoit Lafrance. “These observations agree with our exploration model based on orogenic mineralization associated with alkaline rocks and porphyry intrusions.”     

“We acquired the Apollo and Atlas projects based on several points of geological interests. These include information provided by the most recent mapping of the area and historical results that identified gold grains in glacial deposits,” commented Julien Davy, president of Tarku. “The results revealed an area with high numbers of gold grains, which allowed us to concentrate our exploration efforts on specific zones along the Rivière Waswanipi Shear Zone and other promising contacts over a distance of more than 19 kilometres.”

Gold grain counting was done by optical microscope on coarse till fractions (> 50μ) and by scanning electron microscope (SEM) on fine till fractions (< 50μ) recovered by the ARTGold™ method (Advanced Recovery Techonology for Gold), an exclusive technology developed by IOS Service Géoscientifiques of Chicoutimi. The ground and helicopter-supported survey of November 2017 yielded 81 till and humus samples providing good coverage of both projects. The final results of the gold grain counts, the metal assays on fine fractions, the pebble counts, and the humus assays are expected over the next few months.    

Apollo and Atlas Projects

Using an innovative approach based on exploration models that differ from the traditional approach for this area, Tarku has acquired a large land position with strong potential for gold in the Matagami base metal camp, along the northern margin of the geological Abitibi Subprovince.

The Apollo Project, 100% owned by Tarku, is adjacent to the north of the Atlas Project. It consists of 105 claims (5,550 ha) centred on the Rivière Waswanipi ductile shear zone. This regional structure is characterized by the presence of alkaline rocks, polygenic conglomerates (Timiskaming type) and porphyry intrusions bearing anomalous gold values on the order of hundreds of parts per billion (GM 52712). This corridor, altered to carbonate-hematite-magnetite, contains the Rivière Waswanipi gold showing (2.36 g/t Au over 1 m; GM 51193) hosted in a porphyritic dyke and tuffs altered to pyrite-fuchsite. Collectively, these metallotects present a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions, which Tarku interprets as being similar to those of the regional Sunday Lake Fault, host of the Detour Lake mine. Tarku cautions that the mineralization at the Detour Lake mine or at the Vortex Zone may not be indicative of the mineralization that may be identified on the Company’s Matagami projects and is used as a conceptual exploration model only.

The Atlas Project, 100% owned by Tarku, lies south of the Apollo Project. It consists of 89 claims (4,870 ha) characterized by a volcanic sequence with facies and geochemical affinities similar to those of the Bousquet Formation in the southern Abitibi (host to the Au-Zn-Cu-Ag LaRonde mine). The volcanic sequence is in contact with sedimentary rocks and is affected by aluminous sericite-chloritoid alteration. These observations are favourable indicators for the presence of gold-rich volcanogenic massive sulphide mineralization (Au-Ag-Cu-Zn).  Tarku cautions that the mineralization at the LaRonde mine may not be indicative of the mineralization that may be identified on the Company’s Matagami projects and is used as a conceptual exploration model only.

About Tarku Resources Ltd. (TSX.V: TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the preparation of the technical information in this news release.

For more information, please visit the Company’s web site or contact:

Sylvain Laberge, CEO
+1 (514) 702-9841

Julien Davy, President
+1 (514) 618-7287

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku closes a private placement

SASKATOON, February 21, 2018. Tarku Resources Ltd. (TSX-V: TKU) (the “Company” or “Tarku”) announces that it has closed today a non-brokered private placement (the “Private Placement”) for gross proceeds of $321,000. The private placement consisted of 3,900,000 non-flow through units of the Company at a price of $0.05 per unit ($195,000) and 1,800,000 Flow-Through Shares of the Company at a price of $0.07 per share ($126,000). Each non-flow through unit (a “Unit”) consists of one common share in the capital of the Company and one-half of one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one common share at a price of $0.10 per common share for a period of twenty-four (24) months ending February 21, 2020. An insider of the Company subscribed for 200,000 non-flow through units. The securities issued under this Private Placement are subject to a statutory four (4) month hold period ending June 22, 2018.

The net proceeds of the Private Placement will be used to fund the Company’s precious metals exploration projects (Chateau Fort, Richardson, Bullion, Atlas Apollo, Berthiaume and Admiral), the option to acquire 50% on the Guercheville Project and for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange. No finder’s fee has been paid for this Private Placement.

About Tarku Resources Ltd. (TSX-V: TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

For more information please visit the Company’s web site or contact:

Sylvain Laberge, CEO
+1 (514) 702-9841

Julien Davy, President
+1 (514) 618-7287

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku and SOQUEM Commence Drilling High Grade Gold Showings on the Guercheville Project, Quebec

SASKATOON, February 6, 2018. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce the start of a 12 hole drill program totalling 2,555 meters on the Guercheville project, located adjacent to the Fenton deposit. The purpose is to follow up on the gold and polymetallic surface showings and to test specific areas of chargeability anomalies and magnetic highs that have been identified by SOQUEM over the past few years. The project is located roughly 50 kilometres southwest of the town of Chapais in the Eeyou Istchee– James Bay territory, Québec.

Julien Davy, President of Tarku, commented: “Recent drilling results published by Cartier Resources on the adjacent Fenton project (25 m @ 2.1 g/t Au; see press release from Cartier Resources published on January 31, 2018) are very encouraging and management thinks that mineralization associated with geophysical anomalies extend to the Guercheville project. This highlights the strong potential for discovery”. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Guercheville project.

Several gold and polymetallic showings have been identified in different parts of the Guercheville Project in the form of sulphide-bearing quartz veins or veinlets and disseminated sulphides, similar to the Fenton deposit (Figure 1). Their spatial distribution suggests the presence of multiple prospective horizons, indicating a robust mineralizing system. The drilling program aims to follow up some of these showings at depth and laterally including:

  • Clikendish showing: 124 g/t Au (grab sample) and 20.7 g/t Au over 0.5 m (channel sample);
  • Lac Fenton West showing: 19.17 g/t Au (grab sample);
  • 42 g/t Au, 2.45% Zn (grab sample);
  • 2 g/t Au, 20.8% Zn (grab sample);
  • 9 g/t Au, 0.4% Cu (grab sample).

The property is wholly-owned by SOQUEM and Tarku has an option to acquire a 50% interest in the project (see TKU news release January 18th, 2018). Under the terms of the agreement, SOQUEM will be the operator of the work program during the first year and Tarku will have the opportunity to become operator starting the second year.

About SOQUEM

SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.

About Tarku Resources Ltd. (TSX-V: TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the preparation of the technical information in this news release.

For more information please visit the Company’s web site or contact:

Sylvain Laberge, CEO
+1 (514) 702-9841

Julien Davy, President
+1 (514) 618-7287

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku announces election results for the Annual General Meeting and the approval for the acquisition of claims adjacent to the Apollo and Admiral projects

SASKATOON, SASKATCHEWAN - Jan. 19, 2018 - Tarku Resources Ltd (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce the following people were re-elected as directors of Tarku: Sylvain Laberge, Julien Davy, Benoit Lafrance, Tim Termuende, Barry Chappell, Jeff Sheppard.

The proposal to maintain the stock option plan as described in the Information Circular was approved by the shareholders at the meeting. This proposal allows the maximum number of shares that may be issued under the Plan to be 10% of the number of shares issued and outstanding from time to time (on an undiluted basis).

The nomination proposal of Davidson & Company LLP. as independent auditor of the Corporation, as described in the Information Circular, has been approved by the Shareholders at the Meeting.

Following the annual meeting, the Board of Directors appointed the following persons as officers of the Corporation: Sylvain Laberge, Chief Executive Officer, Julien Davy, Geo, President, Benoit Lafrance, Geo, Exploration Manager, Jeff Sheppard Chief Financial Officer and Corporate Secretary.

Tarku also announces the final approval received from the regulatory authorities for the acquisition of the 2 claims adjacent to the Apollo and Atlas projects as announced in the December 14, 2017 press release.

Tarku wishes to clarify the English press release of January 18, 2018 regarding the payment of the works for option and joint venture with SOQUEM inc. on the Guercheville project. The sentence should have read as follows: "Tarku has the option to acquire a 50% interest in the Guercheville Project by incurring $2,000,000 in exploration work over a period of three (3) years according to the following schedule: (i) an amount of $350,000 by the first anniversary of the Effective Date; (ii) an additional amount of $650,000 by the second anniversary of the Effective Date; and (iii) an additional amount of $1,000,000 by the third anniversary of the Effective Date. Upon acquisition of the 50% interest, SOQUEM and Tarku will form a joint venture."

For more information please visit the Company's web site.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku's periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

 

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!

Tarku signs an option agreement with SOQUEM on the Guercheville Project

SASKATOON, SASKATCHAWAN - Tarku Resources Ltd (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce the signing of an option and joint venture agreement with SOQUEM Inc. (SOQUEM) to acquire 50% of the Guercheville Project. The project is located roughly 50 kilometres southwest of the town of Chapais in the Eeyou Istchee- James Bay territory, and is easily accessed by a network of forestry roads. The Guercheville Project comprises 80 claims totalling 4,385.64 hectares and has the potential to host gold and polymetallic mineralization similar to that found in the Fenton deposit adjacent to the Project.

According to the terms of the option agreement signed on January 15, 2018 (the "Effective Date"), Tarku has the option to acquire a 50% interest in the Guercheville Project by incurring $2,000,000 in exploration work over a period of three (3) years and by making payments according to the following schedule: (i) an amount of $350,000 by the first anniversary of the Effective Date; (ii) an additional amount of $650,000 by the second anniversary of the Effective Date; and (iii) an additional amount of $1,000,000 by the third anniversary of the Effective Date. Upon acquisition of the 50% interest, SOQUEM and Tarku will form a joint venture.

Julien Davey, President of Tarku, commented: "The Guercheville Project strategically strengthens Tarku's position in the northern Abitibi region, the Company's main area of focus. Reaching the agreement with a well-respected partner will diversify Tarku's portfolio by including a drill-ready project with strong discovery potential. The agreement also allows Tarku to immediately participate in SOQUEM's 12-hole (2,555 m) drilling program scheduled to start in late January. The aim is to follow up on the main discovery showings at surface and to test some of the areas of chargeability anomalies and magnetic highs that have been identified over the past few years."

SOQUEM, a subsidiary of Ressources Québec and a major player in mineral exploration in Québec, will be the operator of the work program during the first year and Tarku will have the opportunity to become operator starting the second year.

Guercheville Project

The Guercheville Project comprises 80 claims (4,385.64 ha) held 100% by SOQUEM and is located approximately 50 kilometres southwest of the town of Chapais, accessible year-round by forestry roads. The Project is adjacent to the Fenton gold deposit (historical resources* of 426,173 metric tons grading 4.66 g/t Au; assessment report GM 58665), which is also held by SOQUEM, under option to Cartier Resources. The gold concentrations in the Fenton deposit are associated with pyrite, pyrrhotite and chalcopyrite, and with silica, sericite, chlorite and carbonate alteration in sheared pillow basalts of the Obatogamau Formation. The mineralization is also associated with areas of chargeability anomalies and magnetic highs. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Guercheville project.

Several gold and polymetallic showings have been identified in different parts of the Guercheville Project in the form of sulphide-bearing quartz veins or veinlets and disseminated sulphides, similar to the Fenton deposit. Their spatial distribution suggests the presence of multiple prospective horizons, indicating a robust mineralizing system. Intervals from the main showings include the following:

  • Doigt showing: 90 g/t Au, 212 g/t Ag and 1.8% Zn (grab sample) and 21.7 g/t Au, 64.5 g/t Ag and 0.4% Zn over 1 m (channel sample);
  • Clikendish showing: 124 g/t Au (grab sample) and 20.7 g/t Au over 0.5 m (channel sample);
  • Lac Fenton West showing: 19.17 g/t Au (grab sample);
  • Drill hole 1391-16-12: 4.8 g/t Au over 7.8 m including 17 g/t Au over 2 m;
  • Drill hole 1391-17-20: 356 g/t Au and 0.9% Cu over 0.6 m.

* Estimate performed in 2000 by Mr. Denis Chénard, Eng. of Datac Géo-Conseil Enrg. on behalf of Boréal Exploration using 73 holes drilled on the three main zones of the Fenton gold deposit. The estimation used a lower cut-off grade of 2.0 g/t Au and a minimum true thickness of 1.0 m. The qualified person has not done sufficient work to classify the resources covered by the estimate as compliant under National Instrument 43-101. The issuer does not consider the resources covered by the estimate as current mineral resources.

About Tarku Resources Ltd. (TSX VENTURE:TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. Project generation is the foundation of mining development, and Tarku's vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

About SOQUEM

SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the preparation of the technical information in this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku's periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

CONTACT INFORMATION

 

Subscribe to newsletter

We have just sent you a confirmation Email; please, follow the instructions in order to complete your registration. Thank you!